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Airliners led Hang Seng higher on Thu

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airplane1 October 4, 2012 (Chinavestor) Investors remained bullish in China, sending the Shanghai Composite Index (SHA:000001) 1.4% higher on Thursday. The advance was universal, stocks that advanced outnumbered those that fell ten to one among components of the broad index. Real estate companies and industrials led the advance as value buyers stepped forward. Both sectors were the hardest hit earlier the summer and the fall as outlook  for the Chinese economy worsened.

The Hang Seng Index (INDEXHANGSENG:.HSI) rose a mere 19.7 points or 0.1% albeit most of its components advanced. Chinese airliners led the advance as price of oil fell significantly.

China Southern Airlines (HKG:1055), Air China (HKG:0753) and China Eastern Airlines (HKG:0670) were all among the best five performing components of the 42 member Hang Seng Index (INDEXHANGSENG:.HSI).

For more about components of key Chinese indexes that moved on Thursday, visit the following chart.

pre_20121004



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